New Zealand: Business confidence slips from September’s 14-year high

Confidence among businesses fell slightly in October according to the ANZ Bank Business Outlook, which reported that a net 53.2% of businesses surveyed expect economic conditions to improve in the coming 12 months. The result came in below September’s 54.1%, which marked the highest level since March 1999. Despite the drop, business confidence remains well above the 0-point threshold that separates optimism from pessimism.